Shipowners Keep Investing in Newbuildings as Market Sentiment Improves
The newbuilding market has remained relatively active, with further reports of new ordering this week, said two separate shipbrokers' reports. According to Clarkson Hellas, in the dry bulk market, "although understood to have been concluded towards the end of 2012, this week it was reported that Japan’s Namura Shipbuilding received a further four orders for their 34,000 DWT High‐Bulk design from Clients of MUR Shipping, bringing the total number of this design on order at the yard to 10 vessels. Although pricing was undisclosed, delivery of these recently reported additions will be split between 2014 and 2015. This week we have also seen further orders for the SDARI 64 design, this time for four firm plus four options ordered by Wah Kwong at Chengxi Shipyard. To remind you, this yard delivered the first of the SDARI 64 design at the end of March. Delivery of the firm vessels is planned for 2015 and the options in 2016. In the Kamsarmax sector, U‐Ming were reported to have declared the 3rd and 4th options in a series of 84,000 DWT wide‐beam bulk carriers from Oshima Shipbuilding. Both vessels are understood to be for delivery in 2014. Having reported new
Capesize orders almost every week so far this year, it was no surprise that orders for a further two plus two 180,000 DWT Capes came to light this week. The order was placed by Clients of Quintana Ship Management at Sungdong Shipbuilding, with delivery of both the firm vessels and options, if declared, in 2015". Clarkson Hellas said in its weekly report.
In a separate report, shipbroker Golden Destiny noted that "overall, the week closed with 27 fresh orders reported worldwide at a total deadweight of 1,943,060 tons, posting 36% week-on-week decrease from previous week, with bulk carriers holding 48% share of the total business and special projects follow with 30% share. In terms of invested capital, the total amount of money invested is estimated in the region of more than $2,84 bn, 18 newbuilding contracts reported at an undisclosed contract price. A hefty amount of money was invested in the offshore segment, 75% of the total invested capital, with the placement of 8 new contracts".
According to the shipbroker, "in the gas tanker segment, South Korean gas and chemical shipping specialist KSS Line said it has ordered an 84,000m³ VLGC to service a new affreightment contract with compatriot LPG importer E1. Hyundai HI will build and deliver the ship by September 2014, said KSS in a Korea Exchange filing. KSS said the ship price is 80.6Bn won ($72.12M). KSS has signed an 110.9Bn won CoA with E1, effective for 10 years starting in September 2014. In the LNG segment, South Korean SK Shipping ordered the
construction of two 180,000cbm carriers at Samsung for about $230mil each with delivery in 2017. In the container segment, two 1,300 TEU vessels are ordered by Ningbo Ocean Shipping of China at Zhejiang Yangfan for delivery in 2014.
In the Ro-Ro segment, NORDANA, part of Denmark’s Dannebrog group of shipping companies, said it has ordered an 11,060dwt ro-ro with Visentine of Italy. The order is the first step in Nordana’s fleet renewal programme, a company statement said. The ship is scheduled to be delivered in May 2014. The order is tied to Nordana’s ro-ro Mediterranean/Americas service, said the group, which added: “It is expected that the fleet can be fully replaced by the end of 2014, whereafter it will operate with three fully modern
and very eco-friendly ro-ro vessels.” “The vessel hull design and machinery is setting new standards for fuel economy and of course includes latest proven achievements to be applied to limit sulphur oxides, nitrogen oxides, carbon dioxide emissions, performance standard for protective coating, ballast water treatment and more,” Nordana said. It would have about 35% more capacity than present tonnage in its class, and higher service speeds would produce faster transit times even “While reducing fuel costs due to higher engine efficiency”, it added. The ship would have capacity of 2,600lm, be 178.8m in length and have a beam of 26.2m. It would also have a 200-tonne stern ramp and be fitted with two 40-tonne deck cranes, with a top speed of 20kt".
Finally, in the offshore segment, KEPPEL Offshore & Marine said its subsidiary Keppel FELS has won a contract from Singapore-listed Falcon Energy subsidiary FTS Derricks to build a KFELS Super B Class jack-up rig. Keppel FELS managing director Wong Kok Seng said: "So far this year, Keppel FELS has already delivered six rigs ahead of schedule, safely and on budget. “For the latest delivery of AOD II, a KFELS B Class jack-up, to Asia Offshore Drilling, we received a bonus of about $2M for completing the rig 62 days early,” Wong noted.